Michael Howell, CEO of CrossBorder Capital, an investment advisory firm, and author of the book, “Capital Wars: The Rise Of Global Liquidity,” returns to The Julia La Roche for episode 124 to share where we are in the global liquidity cycle and why gold is ready for a breakout moment.
Links:
Website: http://www.crossbordercapital.com/
Twitter: https://twitter.com/crossbordercap
Substack: https://capitalwars.substack.com/
Book: https://www.amazon.com/Capital-Wars-Rise-Global-Liquidity/dp/3030392902
0:00 Intro and welcome Michael Howell to the show
1:00 Macro picture today
2:15 2024 outlook, why liquidity is increasing
6:30 Global Liquidity Index
8:53 Gold, global liquidity, and U.S. CPI
16:00 Gold is not the inflation hedge you think
17:30 Gold holdings of BRICS & friends
21:18 Gold is a monetary inflation hedge
25:00 Breakout moment for Bitcoin like gold?
27:00 Asset allocation
30:30 Past crises were refinancing crises
34:50 Will there be a recession?
37:00 Portfolio construction, parting thoughts
